146 Pennekamp Lane
About This Property
One of the largest backyards in Naturewalk and located on a low traffic street!!
Behind the gates of the highly sought after NATUREWALK IN WATERSOUND ORIGINS, sits this spacious, 4 bedroom,2.5 bath home overlooking a beautiful pond and a stone's throw from the amenities center! This floorplan lends itself to having a very large living room, lanai and spacious backyard that can easily accommodate a large pool! Naturewalk has its' own amenities center, offering a lakeside pool, sundeck, fitness center, tennis courts, pickleball courts, and playground. Next door and included in your HOA's, you have access to the event lawn, resort-Style pool, fitness center, Lake Powell dock access, tennis & pickleball courts, Origins Golf Course& footgolf. In addition to amazing amenities within your own neighborhood, you are directly behind the Watersound Town Center and have direct access to 30A!!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017